Pendley Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04359290

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,591		19,445

			14,591		19,445
CURRENT ASSETS
Stocks	5	793,756		48,027
Debtors	6	1,927,301		1,935,407
Investments	7	1,100		1,100
Cash at bank and in hand		22,997		2,588

		2,745,154		1,987,122
Creditors: Amounts Falling Due Within One Year	8	(2,809,212 )		(1,928,166 )

NET CURRENT ASSETS (LIABILITIES)			(64,058 )		58,956

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,467 )		78,401

Creditors: Amounts Falling Due After More Than One Year	9		(768 )		(4,701 )

NET (LIABILITIES)/ASSETS			(50,235 )		73,700

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(50,237 )		73,698

SHAREHOLDERS' FUNDS			(50,235)		73,700

Page 1

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Pendley Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Jessica Oakes

Director

30th October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pendley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04359290 . The registered office is 23 Porters Wood, St Albans, Hertfordshire, AL3 6PQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	50% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	12,995	63,662	3,911	80,568

As at 31 January 2025	12,995	63,662	3,911	80,568

Depreciation
As at 1 February 2024	8,883	49,053	3,187	61,123
Provided during the period	1,028	3,652	174	4,854

As at 31 January 2025	9,911	52,705	3,361	65,977

...CONTINUED

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Pendley Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	3,084	10,957	550	14,591

As at 1 February 2024	4,112	14,609	724	19,445

5. Stocks

	2025	2024
	£	£
Work in progress	793,756	48,027

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	1,908,274	1,920,786
Other debtors	19,027	14,621

	1,927,301	1,935,407

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	1,100	1,100

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	42,083	72,535
Bank loans and overdrafts	4,320	4,320
Amounts owed to group undertakings	1,435,353	1,531,336
Other creditors	1,310,859	308,789
Taxation and social security	16,597	11,186

	2,809,212	1,928,166

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	768	4,701

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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